REXI is jumping up! Message Board

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Strategies & Market Trends : REXI is jumping up!

REXI 9.780

0.0%

Sep 9 5:00 PM EST

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To: Tom Murphy who wrote (27)	8/25/1998 8:24:00 AM
From: jack wuo	Read Replies (2) of 83

rexi has 84.5M of cash now according last week earning report, buy-back 4M shares could be done as soon as today. whatever accounting tricks Rexi may or may not used, I see they have got a very solid growing business, $25 -$20 is a very bargin price; since Rexi down from $35, part of loss yesterday is due to margin calls whoever bought at up 30 level; for $2.65 earning next year, Rexi deserves at least $26.5, if not $53. good luck folks.

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